Math Problem Statement
Calculate the gross pay for this employee (assume time and a half over 40 hours):
Note: Round your "Total pay" answer to the nearest cent.
M T W TH F S Total Hours Rate per Hours Total Pay 10 8 7 1/2 8 1/4 12 1/4 0 46 $19.50 $955.50
Solution
To calculate the gross pay for an employee with the given work hours and rate, follow these steps:
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Determine Regular and Overtime Hours:
- Regular hours: 40 hours (standard work week)
- Overtime hours: Total hours - Regular hours = 46 - 40 = 6 hours
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Calculate Regular Pay:
-
Calculate Overtime Pay:
-
Calculate Total Pay:
Thus, the gross pay for the employee is $955.50.
Would you like details on any specific part of this calculation or have any questions?
Related Questions:
- How do you calculate overtime pay if the overtime rate is different?
- What are the tax implications of gross pay?
- How do you calculate gross pay if there are bonuses involved?
- How would this calculation change if the employee worked fewer than 40 hours?
- Can you explain how to calculate net pay from gross pay?
- What are some common payroll deductions?
- How does holiday pay affect gross pay calculations?
- How do you handle gross pay calculations for salaried employees?
Tip:
When calculating overtime pay, always ensure the correct overtime rate is used according to company policy or labor laws, as it can vary from the standard time and a half.
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Math Problem Analysis
Mathematical Concepts
Arithmetic
Rates
Overtime Calculation
Formulas
Regular pay = Regular hours × Rate per hour
Overtime pay = Overtime hours × Overtime pay rate
Total pay = Regular pay + Overtime pay
Theorems
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Suitable Grade Level
Adult Learners
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